From spring snow to ongoing drought, recent weather has made planting a real challenge for U.S. growers. Even so, the USDA reports producers are ahead of schedule on corn and soybeans.
>> Corn planting surged 5% over last week to 8% planted (4% ahead of 2022, 3% above the five-year average).
>> Soybeans are estimated at 4% planted, ahead of last year and the five-year average of 1%.
>> Winter wheat was rated 27% good to excellent nationwide, on par with the prior week, but 3% behind prior year ratings.
>> Spring wheat is estimated at 3% planted, down from the 7% five-year average.
Widespread cooler, wetter weather is expected to sweep across the eastern part of the country, including snow in the north.
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